This is a linguistic blog. Not a business blog or legal blog. Yet it is necessary to understand and use business terms in our business life or professional life. Hence this small quiz. Please see disclaimer. No responsibility can be accepted for errors.
Certificate of Seaworthiness , Certified Invoices , Claused Bill of Lading , Clean Credit , Consular Invoices , Deck Shipment , Documentary Credit , Force majeur , Green Clause Credit , Red Clause Credit , Shipped On Board , Tramp Vessels , airmail confirmation , amendment letter , deferred payment arrangements , discrepant documents , excess details , reasonable care , several originals , strict conformity |
| 1. A letter of credit may provide for_________ , spread over a number of years . ,2. A_________ may not call for transport documents . ,3. A_________ may call for Documents of Title, such as Transport Documents . ,4. The term_________ refers to events beyond the control of the beneficiary such as acts of God , strikes and locks out . ,5. Letters of credit should not contain_________ or onerous conditions . ,6. The_________ Bills of Lading ensure that loading has actually taken place . ,7. A_________ may reveal defective condition of goods and its packaging . ,8. Expression of a right to ship on deck , does not imply that_________ has actually taken place . ,9. A_________ may provide both for finance to the beneficiary and insurance of the goods exported . ,10. A_________ may provide for arrangement of a loan to the beneficiary . ,11. Negotiating Bank has to examine documents with_________ . ,12. Often ,_________ need certification by Consulates of the Buyer's country . ,13. Generally,_________ need certification by Consulates of the Buyer's country . ,14. A_________ relates to the fitness of the carrying ship. Institutions such as Lloyds issue Certificates of Seaworthiness . ,15. Shipping on_________ is risky . ,16. Bills of Lading may be issued with_________ . Beneficiary has to present all the originals, if the credit calls for a Full set . ,17. Negotiating Bank may hold_________ at the risk and responsibility of the issuing bank . ,18. Beneficiary of a letter of credit has to prepare documents and present them in_________ with the credit terms . ,19. Some Operative Credits await arrival of_________ . ,20. Applicant has requested for an amendment to the letter of credit. Issuing Bank has not yet sent the_________ . |
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